National Bank promises cheap housing loans

First Deputy head of the NBU Ekaterina Rozhkova said that 2020 should be the year of full recovery in mortgage lending.

Нацбанк обещает дешевые кредиты на жилье

In 2020 should be a year full of recovery and mortgage lending. Today the hryvnia, the price of resources in banks 8-9%, that is already possible to speak about the mortgage of 14-15% in local currency. And that is our objective for the year, because it will give impetus to the further development of the economy, “said Rozhkov.

According to her, now in Ukraine there is macro-financial stability.

Our discount rate or key rate will decline further. We are in December it was reduced faster than expected, and will continue to decrease. What does it mean for the economy? Banks have responded to lower interest rates on deposits. What’s next? The price will decline resource, and as a result, the economy will begin to credit“, she added.

First Deputy head of the NBU said that in the banking system during 11 months of 2019 was almost 60 billion UAH of profit.

The process of restructuring bad debt is, as a result of the fact that we have strengthened the national currency, the burden on enterprises is reduced. This means that there is a chance to restore their production and continue to develop, “–said Rozhkov.

Recall website “Today” wrote that at the meeting with leading foreign banks working in Ukraine, Prime Minister Alexey Goncharuk also said that in 2020 , mortgage rates will drop to 12-13% per annum.

As you know, now annual mortgage rates are about 20%. In addition, borrowers have to spend money on commissions and other additional payments.